On December $21,2020.$ Crine Company provided you with the following informabion regerding its equily inestinents.

$\backslash$table$[[$Dwenmber $31,20$:$80],[$Inventments $($Trading$),$Cost,Falr Value,Unrealined Cain $($Lops$)],[$Clemmon Corp stock,$$19800,$$$18,900,$$$1000)],[$Coderndoce noct,$9,400,8500,$F$900?],[$Butaloes Cos shock,$19,800,20450,659],[$Totat of porttolis,$949005,447400,(4\mathrm{.}409-],[$Previous fair value aopustment ha$,,,0],[$Fair walue altuntwert$-$Ce$,,,50\mathrm{.}400?]]$ $$19\mathrm{.}000,$ Buffaloes Ces stock$-$ $$20,300.$ Nore of the equitr investonents rewat in siewheant infupsos.

$($a$)$ Prepare the affusting iour nal entry needed on December $31.2030.$

P$)$ Prpaare the journal entry to record the sale of the Celowade Co showk ther ing $2021.$

$(1)$ Fropare the affusting iournal entry needed on December $31.2021.$ the account tivies and enter Ofor the amountsy

Ko$.$ Aoceumt Tities and Explasatien

Debit

Credit

$($a$)$